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11 bedroom block of apartments for sale
Apartments 1-6 South Avenue, Southend-On-Sea
£1,000,000
Apartments 1-6 South Avenue, Southend-On-Sea
£1,000,000
Our Summary
- *Being Sold By Modern Method Of Auction*Investment Summary: Freehold of 7 South Avenue, Southend-On-Sea, Essex (including 6 Apartments)Investment Consideration:Gross Yield: 7
- *Being Sold By Modern Method Of Auction*
Description
This modern residential block in Southend-On-Sea, Essex, offers a lucrative investment opportunity. The freehold property, built in 2020, comprises six self-contained flats with a total internal area of 3252 sqft. Each apartment benefits from contemporary design, secure off-street parking, and access to private and shared amenity areas. The property generates a gross yield of 7.5% with a rental income of £75,000 per annum, ranging from £850 to £1250 per month. The location is ideal, situated within a 0.5-mile radius of Southend Central and Southend Victoria train stations, offering excellent transport links. The property is currently occupied by tenants, providing a steady income stream.